Tributary Capital Management LLC Has $27.20 Million Position in Walker & Dunlop, Inc. $WD

Tributary Capital Management LLC boosted its position in Walker & Dunlop, Inc. (NYSE:WD) by 93.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 325,282 shares of the financial services provider’s stock after buying an additional 156,944 shares during the quarter. Tributary Capital Management LLC owned approximately 0.95% of Walker & Dunlop worth $27,200,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WD. Norges Bank bought a new position in shares of Walker & Dunlop during the 2nd quarter worth approximately $30,422,000. Deprince Race & Zollo Inc. boosted its holdings in Walker & Dunlop by 147.7% during the third quarter. Deprince Race & Zollo Inc. now owns 537,338 shares of the financial services provider’s stock worth $44,932,000 after purchasing an additional 320,425 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Walker & Dunlop in the second quarter valued at $15,147,000. JPMorgan Chase & Co. grew its position in Walker & Dunlop by 64.3% in the second quarter. JPMorgan Chase & Co. now owns 203,584 shares of the financial services provider’s stock valued at $14,349,000 after purchasing an additional 79,710 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Walker & Dunlop by 116.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 147,475 shares of the financial services provider’s stock valued at $10,394,000 after buying an additional 79,402 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Stock Down 0.1%

Shares of WD stock opened at $60.66 on Thursday. Walker & Dunlop, Inc. has a 12-month low of $58.60 and a 12-month high of $97.70. The company has a market capitalization of $2.07 billion, a PE ratio of 18.00 and a beta of 1.56. The firm has a 50 day moving average price of $64.62 and a two-hundred day moving average price of $74.86.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.01. Walker & Dunlop had a return on equity of 8.85% and a net margin of 9.31%.The business had revenue of $337.68 million during the quarter, compared to analysts’ expectations of $325.10 million. During the same period last year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, research analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.67 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.68 annualized dividend and a dividend yield of 4.4%. Walker & Dunlop’s dividend payout ratio is 79.53%.

Analyst Ratings Changes

A number of equities analysts have recently commented on WD shares. Citizens Jmp upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Friday, October 10th. Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Walker & Dunlop in a research report on Monday, December 29th. Jefferies Financial Group began coverage on Walker & Dunlop in a research report on Friday, December 19th. They set a “buy” rating and a $75.00 price target on the stock. Finally, JMP Securities set a $95.00 price objective on Walker & Dunlop and gave the company a “market outperform” rating in a report on Friday, October 10th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Walker & Dunlop presently has an average rating of “Moderate Buy” and an average price target of $90.40.

Walker & Dunlop Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.